Skip to main content

Hotel-Motel

Best Western Greeley

2563 W 29th St, Greeley, CO 80631

Listing Price: $7,550,000

Cap Rate
7.30%
Number of Rooms
64
RevPAR
$66
Gross SF
30,692
Price/Room
$117,969
Price/Gross SF
$245.99
Year Built
1996

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Greeley, a three-story limited service hotel conveniently located off of U.S. Route 34 in Greeley, Colorado. The hotel consists of 64 guest rooms and offers amenities including a heated indoor pool & spa, fitness center, business center, complimentary breakfast and complimentary coffee in lobby. The property consistently receives excellent guest reviews and won the 2020 Champion Design Award by Best Western. Greeley is located in northern Colorado, only 45 minutes from Fort Collins and one hour from Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, Wyoming. Demand for the property is generated from the University of Northern Colorado, two medical centers, nearby attractions, and businesses that run large operations in the area. Additionally, a large sports complex and retail center is being constructed in Windsor, just 15 miles from the property. This new complex will bring a Minor League Baseball team to the area and is expected to create thousands of jobs and generate millions in sales tax revenue.

Investment Highlights

  • Minimal PIP, if Required by Franchise
  • 2020 Champion Design Award Winner by Best Western
  • Consistently Receives Excellent ?Guest Reviews
  • 1 Mile to the University of Northern Colorado | 11k+ Enrollment
  • Within 4 Miles of North Colorado Medical Center & UCHealth Greeley Hospital
  • 8 Miles to JBS USA Holdings, Inc. | #1 Employer in Greeley
  • Easily Accessible to and from U.S. Routes 34 and 85
  • Within a One-Hour Drive of Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and ?Cheyenne, WY

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) CO: ER100091205

    Colorado

Hotel-Motel

Best Western Greeley

Listing Price: $7,550,000

Cap Rate
7.30%
Number of Rooms
64
RevPAR
$66
Gross SF
30,692
Price/Room
$117,969
Price/Gross SF
$245.99
Year Built
1996

Investment Highlights

  • Minimal PIP, if Required by Franchise
  • 2020 Champion Design Award Winner by Best Western
  • Consistently Receives Excellent ?Guest Reviews
  • 1 Mile to the University of Northern Colorado | 11k+ Enrollment
  • Within 4 Miles of North Colorado Medical Center & UCHealth Greeley Hospital
  • 8 Miles to JBS USA Holdings, Inc. | #1 Employer in Greeley
  • Easily Accessible to and from U.S. Routes 34 and 85
  • Within a One-Hour Drive of Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and ?Cheyenne, WY

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Greeley, a three-story limited service hotel conveniently located off of U.S. Route 34 in Greeley, Colorado. The hotel consists of 64 guest rooms and offers amenities including a heated indoor pool & spa, fitness center, business center, complimentary breakfast and complimentary coffee in lobby. The property consistently receives excellent guest reviews and won the 2020 Champion Design Award by Best Western. Greeley is located in northern Colorado, only 45 minutes from Fort Collins and one hour from Downtown Denver, Rocky Mountain National Park, Pawnee National Grasslands and Cheyenne, Wyoming. Demand for the property is generated from the University of Northern Colorado, two medical centers, nearby attractions, and businesses that run large operations in the area. Additionally, a large sports complex and retail center is being constructed in Windsor, just 15 miles from the property. This new complex will bring a Minor League Baseball team to the area and is expected to create thousands of jobs and generate millions in sales tax revenue.

Exclusively Listed By

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): CO: ER100091205

    Colorado

MM Texture Background
MM Textured Background Lower